Mark W. Jenkins - 01 Jan 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Mark W. Jenkins
Issuer symbol
CVNA
Transactions as of
01 Jan 2025
Net transactions value
-$2,041,834
Form type
4
Filing time
03 Jan 2025, 17:33:33 UTC
Previous filing
03 Dec 2024
Next filing
22 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability $135,031 -664 -0.35% $203.36 189,097 01 Jan 2025 Direct F1
transaction CVNA Class A Common Stock Options Exercise $100,700 +10,000 +5.3% $10.07 199,097 02 Jan 2025 Direct F2
transaction CVNA Class A Common Stock Sale $18,986 -100 -0.05% $189.86 198,997 02 Jan 2025 Direct F2
transaction CVNA Class A Common Stock Sale $136,773 -700 -0.35% $195.39 198,297 02 Jan 2025 Direct F2, F3
transaction CVNA Class A Common Stock Sale $303,004 -1,537 -0.78% $197.14 196,760 02 Jan 2025 Direct F2, F4
transaction CVNA Class A Common Stock Sale $248,207 -1,253 -0.64% $198.09 195,507 02 Jan 2025 Direct F2, F5
transaction CVNA Class A Common Stock Sale $609,168 -3,057 -1.6% $199.27 192,450 02 Jan 2025 Direct F2, F6
transaction CVNA Class A Common Stock Sale $80,100 -400 -0.21% $200.25 192,050 02 Jan 2025 Direct F2, F7
transaction CVNA Class A Common Stock Sale $60,387 -300 -0.16% $201.29 191,750 02 Jan 2025 Direct F2, F8
transaction CVNA Class A Common Stock Sale $61,269 -300 -0.16% $204.23 191,450 02 Jan 2025 Direct F2, F9
transaction CVNA Class A Common Stock Sale $41,184 -200 -0.1% $205.92 191,250 02 Jan 2025 Direct F2, F10
transaction CVNA Class A Common Stock Sale $186,399 -900 -0.47% $207.11 190,350 02 Jan 2025 Direct F2, F11
transaction CVNA Class A Common Stock Sale $83,184 -400 -0.21% $207.96 189,950 02 Jan 2025 Direct F2, F12
transaction CVNA Class A Common Stock Sale $104,550 -500 -0.26% $209.10 189,450 02 Jan 2025 Direct F2, F13
transaction CVNA Class A Common Stock Sale $53,130 -253 -0.13% $210.00 189,197 02 Jan 2025 Direct F2, F14
transaction CVNA Class A Common Stock Sale $21,162 -100 -0.05% $211.62 189,097 02 Jan 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CVNA Stock Options (Right to Buy) Options Exercise $0 -10,000 -3.3% $0.000000 288,513 02 Jan 2025 Class A Common Stock 10,000 $10.07 Direct F2, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units pursuant to various awards.
F2 The reported option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.
F3 This transaction was executed in multiple trades at prices ranging from $195.01 to $195.90, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F4 This transaction was executed in multiple trades at prices ranging from $196.64 to $197.61, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F5 This transaction was executed in multiple trades at prices ranging from $197.68 to $198.66, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F6 This transaction was executed in multiple trades at prices ranging from $198.68 to $199.66, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F7 This transaction was executed in multiple trades at prices ranging from $199.68 to $200.61, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F8 This transaction was executed in multiple trades at prices ranging from $200.94 to $201.50, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F9 This transaction was executed in multiple trades at prices ranging from $204.05 to $204.58, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F10 This transaction was executed in multiple trades at prices ranging from $205.43 to $206.40, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F11 This transaction was executed in multiple trades at prices ranging from $206.57 to $207.54, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F12 This transaction was executed in multiple trades at prices ranging from $207.57 to $208.15 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F13 This transaction was executed in multiple trades at prices ranging from $208.82 to $209.44, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F14 This transaction was executed in multiple trades at prices ranging from $209.90 to $210.09 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F15 The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 1, 2024 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.